ASX climbs 1.7% on fifth day straight of gains

Australia’s S&P/ASX 200 share index was up nearly 110 points today, adding 1.7% as this records the fifth straight day of gains for the sharemarket. This also marks the highest point the market has been since February at 6449.70 points.

The banks performed well yet again with ANZ being the standout, adding 3.17% to its share price. NAB and Commonwealth were also not far behind, up around 2.7% each.

Newcrest Mining ended in the red today with this largely being attributable to the lagging gold price which has once again retreated back below $1900 USD per ounce.

Gainers and Losers

The biggest gainers on Wednesday were:

  • Virgin Money UK +14.3%
  • Whitehaven Coal +8.9%
  • Oil Search +7.6%
  • Beach Energy +7%
  • Xero +6.7%

The biggest declines were:

  • Ramelius Resources -5.4%
  • JB Hi-Fi -4.4%
  • Westgold -4.2%
  • Northern Star -3.9%
  • Incitec Pivot -2.9%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.